Toronto, Ontario — December 23, 2025 — Leads & Copy — Volta Metals Ltd. has announced the closing of an oversubscribed and upsized non-brokered private placement, raising gross proceeds of $2,810,508.
The offering involved the issuance of 12,219,601 common shares on a “flow-through” basis, priced at $0.23 per share. These shares qualify as “flow-through shares” under the Income Tax Act (Canada).
Volta Metals plans to allocate the gross proceeds to eligible “Canadian exploration expenses,” which will qualify as “flow-through critical mineral mining expenditures” as defined in the Income Tax Act (Canada). These expenditures will be incurred on or before December 31, 2026. The company intends to initiate a second-phase drill program to further explore its Springer advanced Rare Earth and Gallium Deposit and explore its Aki Critical Minerals Project. All qualifying expenditures will be renounced in favor of the subscribers of the FT Units with an effective date not later than December 31, 2025.
A director of the Company acquired 87,000 FT Shares under the Offering. This participation constitutes a “related party transaction” under Multilateral Instrument 61-101, but the company relied on exemptions from formal valuation and minority shareholder approval requirements.
In connection with the offering, Volta Metals paid commissions of $163,560 in cash and issued 711,132 finder warrants. Each warrant allows the holder to purchase one common share at $0.23 for twenty-four months from the closing date. The securities issued are subject to a statutory hold period of four months and one day in Canada. The offering’s closing is subject to regulatory approvals, including approval from the Canadian Securities Exchange.
Volta’s CEO, Kerem Usenmez, stated that this financing represents the largest amount Volta has raised, at the highest share price and with the fastest closing to date and validates the company’s strategy. He added that the capital raised positions Volta to accelerate exploration and unlock additional value at the Springer deposit while continuing to reduce project risk.
Volta Metals Ltd. is focused on rare earths, gallium, lithium, cesium, and tantalum. It owns, has optioned and is currently exploring a critical minerals portfolio of rare-earths, gallium, lithium, cesium, and tantalum projects in Ontario.
For further information, contact:
Kerem Usenmez, President & CEO
Tel: 416.919.9060
Email: info@voltametals.ca
Source: Volta Metals Ltd.
